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The Duran Podcast

Modi in Moscow. India-Russia trade surges

The Duran Podcast

The Duran

News

4.4650 Ratings

🗓️ 10 July 2024

⏱️ 11 minutes

🧾️ Download transcript

Summary

Modi in Moscow. India-Russia trade surges

Transcript

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0:00.0

All right, Alexander, let's talk about Modi's trip to Russia, two-day trip.

0:08.4

And Modi said that everything is on the table.

0:13.2

He's ready to discuss everything with Vladimir Putin and India and Russia.

0:19.2

They have a very close relationship, and it's become even closer since the

0:25.2

special military operations, since the conflict in Ukraine, and they're doing a ton of trade,

0:32.0

India and Russia, more than, more than I can remember, more than ever.

0:36.2

So what do you expect from this meeting

0:38.3

between Modi right but I mean I think the one important thing to understand about the

0:45.0

Indian-Russian relationship is that it is supported by a consensus in both countries so there is no

0:53.6

person in Russia in the political system there who does

0:57.8

not want a strong and good relationship with India. And the same is true in India. So, you know,

1:04.4

the Congress party forged the original relationship between the Soviet Union and India back in the 50s and 60s.

1:15.6

And more recently, it was the Congress Party when they were in government again

1:21.6

about a decade ago that led India into the bricks, in fact, played a formative role in creating the bricks.

1:32.3

Modi and Putin have developed a very close and very good relationship. But this is not controversial

1:40.4

in either country. Now, their relations have achieved a breakthrough over the last couple of years.

1:50.0

Trade has started in a very, very big way again. Previously, the relationship was very strong at a political level,

1:58.8

and Russia was also a significant arms supplier to India, but at an

2:05.9

economic level where the economic relationship between the Soviet Union and India had once

2:14.0

been very strong and very close. In the last 30 years, the economic relationship

2:22.8

between India and Russia has withered away. Now, it's come back and it's come back strongly.

2:29.2

But there are problems. And this is, I think, what this meeting is most focused about because there is a massive

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